199-201 Chauncey St
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199-201 Chauncey St
16 Unit Apartment Building $7,585,272 CAD ($474,080 CAD/Unit) Brooklyn, NY 11233
Investment Highlights
- Desirable Location: Located in Bedford-Stuyvesant on Chauncey Street between Malcolm X Boulevard and Patchen Avenue
- Units are outfitted with real hardwood flooring, central heating and air conditioning, washer / dryers, etc
- All units are rent stabilized under the 421a tax abatement and can be destabilized upon abatement expiration
- The property was delivered in 2018 and has been fully occupied since the start of leasing, translating to minimal required management
- The property benefits from the 15-year 421a Tax Abatement (in year 5 of 15), with a combined current annual tax bill of just $2,074
- Within blocks of the A & C trains at Gates Avenue and the J & Z trains at Gates Ave with direct access to Manhattan and Downtown Brooklyn
Executive Summary
Cory Rosenthal
License No. 10311210106 (NY)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
License No. 10311210106 (NY)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Property Facts
| Price | $7,585,272 CAD | Building Class | B |
| Price Per Unit | $474,080 CAD | Lot Size | 0.13 AC |
| Sale Type | Investment | Building Size | 10,524 SF |
| No. Units | 16 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 2018 |
| Apartment Style | Mid Rise |
| Price | $7,585,272 CAD |
| Price Per Unit | $474,080 CAD |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | B |
| Lot Size | 0.13 AC |
| Building Size | 10,524 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 2018 |
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | - | - |
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Walk Score ®
Very Walkable (88)
Transit Score ®
Rider's Paradise (98)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,307,598 CAD | |
| Land Assessment | $448,138 CAD | Total Assessment | $1,755,737 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$448,138 CAD
Improvements Assessment
$1,307,598 CAD
Total Assessment
$1,755,737 CAD
zoning
| Zoning Code | R6B |
| R6B |
-
Henry Hill -
DJ Johnston -
Bryan Kirk -
Jermaine Pugh -
Bobby Lawrence -
Matthews Real Estate Investment Services
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199-201 Chauncey St
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